Q2 2025 · 13F-HR
Ionic Capital Management LLCholdings as filed
Filed 2025-08-14 · accession 0000929638-25-003039
$349.4M
Reported value
144
Positions
2025-06-30
Period end
The Brief · Ionic Capital Management LLC · Q2 2025
AI · grounded in 13F
Ionic Capital Management LLC initiated a new position in HYG valued at $100.8M. The fund also established new holdings in EEM for $96.5M and EWZ for $23.1M. Additional new positions include CNI at $6.1M and Wayfair Inc bonds at $5.7M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 464288513 | HYG | ISHARES TR | $100.8M | 28.9% | 1,250,000 | PUT | SOLE |
| 464287234 | EEM | ISHARES TR | $96.5M | 27.6% | 2,000,000 | PUT | SOLE |
| 464286400 | EWZ | ISHARES INC | $11.5M | 3.30% | 400,000 | PUT | SOLE |
| 464286400 | EWZ | ISHARES INC | $11.5M | 3.30% | 400,000 | CALL | SOLE |
| 136375102 | CNI | CANADIAN NATL RY CO | $6.1M | 1.74% | 58,500 | CALL | SOLE |
| 94419LAP6 | W 3.25 09/15/27 | WAYFAIR INC | $5.7M | 1.63% | 5,000,000 | Common | SOLE |
| 565788AB2 | MARA 1 12/01/26 | MARA HOLDINGS INC | $5.5M | 1.57% | 6,050,000 | Common | SOLE |
| 29355AAK3 | ENPH 0 03/01/28 | ENPHASE ENERGY INC | $4.5M | 1.29% | 5,500,000 | Common | SOLE |
| 668771108 | GEN | GEN DIGITAL INC | $4.0M | 1.14% | 135,000 | PUT | SOLE |
| 36262G101 | GXO | GXO LOGISTICS INCORPORATED | $3.7M | 1.05% | 75,449 | Common | SOLE |
| 594972887 | MSTR 8 PERP | MICROSTRATEGY INC | $3.4M | 0.97% | 27,970 | Common | SOLE |
| Y2573F102 | FLEX | FLEX LTD | $3.1M | 0.88% | 61,253 | Common | SOLE |
| 01626W101 | ALIT | ALIGHT INC | $3.0M | 0.85% | 527,752 | Common | SOLE |
| 894164102 | TNL | TRAVEL PLUS LEISURE CO | $3.0M | 0.85% | 57,589 | Common | SOLE |
| F21107101 | CSTM | CONSTELLIUM SE | $2.9M | 0.83% | 218,566 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $2.8M | 0.79% | 15,700 | CALL | SOLE |
| 04956D107 | ATMU | ATMUS FILTRATION TECHNOLOGIE | $2.7M | 0.79% | 75,355 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $2.7M | 0.76% | 300,000 | PUT | SOLE |
| 379577208 | GMED | GLOBUS MED INC | $2.5M | 0.71% | 41,796 | Common | SOLE |
| G65163100 | JOBY | JOBY AVIATION INC | $2.1M | 0.61% | 201,000 | PUT | SOLE |
| 051774107 | AUR | AURORA INNOVATION INC | $2.1M | 0.60% | 400,000 | CALL | SOLE |
| 74967X103 | RH | RH | $2.0M | 0.58% | 10,700 | Common | SOLE |
| 707569109 | PENN | PENN ENTERTAINMENT INC | $2.0M | 0.57% | 112,162 | Common | SOLE |
| 670699107 | QQQX | NUVEEN NASDAQ 100 DYNAMIC OV | $1.8M | 0.52% | 69,146 | Common | SOLE |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP | $1.8M | 0.51% | 1,000,000 | Common | SOLE |
| 19247G107 | COHR | COHERENT CORP | $1.6M | 0.47% | 18,307 | Common | SOLE |
| 34354P105 | FLS | FLOWSERVE CORP | $1.5M | 0.43% | 29,000 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $1.4M | 0.41% | 1,950 | Common | SOLE |
| 87162W100 | SNX | TD SYNNEX CORPORATION | $1.4M | 0.41% | 10,600 | Common | SOLE |
| 05352A100 | AVTR | AVANTOR INC | $1.3M | 0.39% | 100,000 | PUT | SOLE |
| 911363109 | URI | UNITED RENTALS INC | $1.3M | 0.37% | 1,730 | Common | SOLE |
| 98980F104 | GTM | ZOOMINFO TECHNOLOGIES INC | $1.3M | 0.36% | 125,694 | Common | SOLE |
| 95766R104 | WIW | WESTERN AST INFL LKD OPP & I | $1.3M | 0.36% | 144,740 | Common | SOLE |
| 12769G100 | CZR | CAESARS ENTERTAINMENT INC NE | $1.3M | 0.36% | 44,185 | Common | SOLE |
| 47215P106 | JD | JD.COM INC | $1.2M | 0.35% | 38,000 | CALL | SOLE |
| 68989M202 | OUST | OUSTER INC | $1.2M | 0.35% | 50,000 | PUT | SOLE |
| 98585X104 | YETI | YETI HLDGS INC | $1.2M | 0.34% | 37,500 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $1.2M | 0.33% | 20,000 | CALL | SOLE |
| 458140100 | INTC | INTEL CORP | $1.1M | 0.32% | 50,000 | CALL | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $1.1M | 0.30% | 48,153 | Common | SOLE |
| 12008R107 | BLDR | BUILDERS FIRSTSOURCE INC | $1.1M | 0.30% | 9,000 | Common | SOLE |
| 051774107 | AUR | AURORA INNOVATION INC | $1.0M | 0.30% | 200,000 | PUT | SOLE |
| 67075F105 | XDIAX | NUVEEN DOW 30 DYNMC OVERWRT | $1.0M | 0.30% | 72,407 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $971,639 | 0.28% | 6,150 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $931,474 | 0.27% | 8,900 | CALL | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $921,780 | 0.26% | 54,000 | Common | SOLE |
| 344849104 | WOO | FOOT LOCKER INC | $918,750 | 0.26% | 37,500 | Common | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $906,626 | 0.26% | 39,470 | Common | SOLE |
| 879433829 | TDS | TELEPHONE & DATA SYS INC | $862,957 | 0.25% | 24,254 | Common | SOLE |
| 690370101 | BBBY | BEYOND INC | $860,000 | 0.25% | 125,000 | PUT | SOLE |
| 090040106 | BILI | BILIBILI INC | $858,000 | 0.25% | 40,000 | CALL | SOLE |
| 741623102 | PRMB | PRIMO BRANDS CORPORATION | $829,360 | 0.24% | 28,000 | Common | SOLE |
| 26856L103 | ELF | E L F BEAUTY INC | $808,860 | 0.23% | 6,500 | PUT | SOLE |
| 37890B100 | GBTG | GLOBAL BUSINESS TRAVEL GROUP | $806,444 | 0.23% | 128,007 | Common | SOLE |
| 73931J109 | AIOT | POWERFLEET INC | $778,718 | 0.22% | 180,677 | Common | SOLE |
| 056752108 | BIDU | BAIDU INC | $754,688 | 0.22% | 8,800 | CALL | SOLE |
| 62482R107 | 07WA | MR COOPER GROUP INC | $746,050 | 0.21% | 5,000 | Common | SOLE |
| 46267X108 | IQ | IQIYI INC | $708,000 | 0.20% | 400,000 | PUT | SOLE |
| 88034P109 | TME | TENCENT MUSIC ENTMT GROUP | $682,150 | 0.20% | 35,000 | CALL | SOLE |
| 74767V109 | QS | QUANTUMSCAPE CORP | $672,000 | 0.19% | 100,000 | PUT | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $669,119 | 0.19% | 5,900 | CALL | SOLE |
| 047726302 | BATRK | ATLANTA BRAVES HLDGS INC | $663,620 | 0.19% | 14,189 | Common | SOLE |
| 87975H100 | TIXT | TELUS INTL CDA INC | $635,250 | 0.18% | 175,000 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $633,995 | 0.18% | 2,300 | Common | SOLE |
| 830566105 | SKAA | SKECHERS U S A INC | $631,000 | 0.18% | 10,000 | Common | SOLE |
| 20464U100 | COMP | COMPASS INC | $628,000 | 0.18% | 100,000 | CALL | SOLE |
| 12468P104 | AI | C3 AI INC | $614,250 | 0.18% | 25,000 | CALL | SOLE |
| 72703X106 | PL | PLANET LABS PBC | $610,000 | 0.17% | 100,000 | PUT | SOLE |
| G5784H106 | MANU | MANCHESTER UTD PLC NEW | $608,746 | 0.17% | 34,180 | Common | SOLE |
| G0250X107 | AMCR | AMCOR PLC | $606,540 | 0.17% | 66,000 | Common | SOLE |
| 594972408 | MSTR | MICROSTRATEGY INC | $606,345 | 0.17% | 1,500 | CALL | SOLE |
| 594972408 | MSTR | MICROSTRATEGY INC | $606,345 | 0.17% | 1,500 | PUT | SOLE |
| 051774115 | AUROW | AURORA INNOVATION INC | $569,840 | 0.16% | 654,988 | Common | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $525,735 | 0.15% | 1,500 | PUT | SOLE |
| 88160R101 | TSLA | TESLA INC | $524,139 | 0.15% | 1,650 | Common | SOLE |
| 69608A108 | PLTR | PALANTIR TECHNOLOGIES INC | $522,651 | 0.15% | 3,834 | Common | SOLE |
| 690370101 | BBBY | BEYOND INC | $517,046 | 0.15% | 75,152 | Common | SOLE |
| 92838U801 | NCZ | VIRTUS CONVERTIBLE & INC FD | $496,985 | 0.14% | 38,706 | Common | SOLE |
| 05352A100 | AVTR | AVANTOR INC | $489,177 | 0.14% | 36,343 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $486,069 | 0.14% | 7,941 | Common | SOLE |
| 46438R105 | ETHA | ISHARES ETHEREUM TR | $476,750 | 0.14% | 25,000 | Common | SOLE |
| 668771116 | GENVR | GEN DIGITAL INC | $460,428 | 0.13% | 57,410 | Common | SOLE |
| G0250X107 | AMCR | AMCOR PLC | $459,500 | 0.13% | 50,000 | CALL | SOLE |
| 01609W102 | BABA | ALIBABA GROUP HLDG LTD | $453,640 | 0.13% | 4,000 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $449,750 | 0.13% | 2,050 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $443,000 | 0.13% | 50,000 | CALL | SOLE |
| 84833T103 | SPRO | SPERO THERAPEUTICS INC | $435,000 | 0.12% | 150,000 | Common | SOLE |
| 007903107 | AMD | ADVANCED MICRO DEVICES INC | $431,376 | 0.12% | 3,040 | Common | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $420,588 | 0.12% | 1,200 | Common | SOLE |
| 86800U302 | SMCI | SUPER MICRO COMPUTER INC | $417,614 | 0.12% | 8,521 | Common | SOLE |
| 92189F106 | GDX | VANECK ETF TRUST | $416,480 | 0.12% | 8,000 | Common | SOLE |
| 04271T100 | ARRY | ARRAY TECHNOLOGIES INC | $413,000 | 0.12% | 70,000 | Common | SOLE |
| 53626N102 | LION | LIONSGATE STUDIOS CORP | $406,700 | 0.12% | 70,000 | Common | SOLE |
| 92838X805 | NCV | VIRTUS CONVERTIBLE & INCOME | $397,785 | 0.11% | 28,013 | Common | SOLE |
| 87261Y114 | TMCWW | TMC THE METALS COMPANY INC | $377,346 | 0.11% | 256,698 | Common | SOLE |
| 594972408 | MSTR | MICROSTRATEGY INC | $376,742 | 0.11% | 932 | Common | SOLE |
| 30052F100 | EVGO | EVGO INC | $365,000 | 0.10% | 100,000 | CALL | SOLE |
| 66510M204 | NAK | NORTHERN DYNASTY MINERALS LT | $345,050 | 0.10% | 257,500 | Common | SOLE |
| 047726104 | BATRA | ATLANTA BRAVES HLDGS INC | $335,563 | 0.10% | 6,819 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $315,540 | 0.09% | 6,000 | Common | SOLE |
| G6964L206 | PSFE | PAYSAFE LIMITED | $315,500 | 0.09% | 25,000 | PUT | SOLE |
| 36831E116 | GCMGW | GCM GROSVENOR INC | $314,852 | 0.09% | 491,957 | Common | SOLE |
| 038169207 | APLD | APPLIED DIGITAL CORP | $302,100 | 0.09% | 30,000 | Common | SOLE |
| V7780T103 | RCL | ROYAL CARIBBEAN GROUP | $272,119 | 0.08% | 869 | Common | SOLE |
| 48251W104 | KKR | KKR & CO INC | $266,060 | 0.08% | 2,000 | Common | SOLE |
| G6964L206 | PSFE | PAYSAFE LIMITED | $257,688 | 0.07% | 20,419 | Common | SOLE |
| 72703X106 | PL | PLANET LABS PBC | $244,000 | 0.07% | 40,000 | CALL | SOLE |
| G65163118 | JOBY/WS | JOBY AVIATION INC | $240,418 | 0.07% | 100,174 | Common | SOLE |
| 74623V111 | PCTTW | PURECYCLE TECHNOLOGIES INC | $239,250 | 0.07% | 55,000 | Common | SOLE |
| G93A5A101 | VIK | VIKING HOLDINGS LTD | $226,696 | 0.06% | 4,254 | Common | SOLE |
| 14365C103 | POH3 | CARNIVAL PLC | $220,355 | 0.06% | 8,638 | Common | SOLE |
| 92864M798 | ETHU | VOLATILITY SHS TR | $215,080 | 0.06% | 3,800 | PUT | SOLE |
| 88636J253 | — | TIDAL TR II | $213,908 | 0.06% | 5,300 | PUT | SOLE |
| G6964L206 | PSFE | PAYSAFE LIMITED | $189,300 | 0.05% | 15,000 | CALL | SOLE |
| 30049H110 | EVLVW | EVOLV TECHNOLOGIES HLDNGS IN | $159,975 | 0.05% | 290,864 | Common | SOLE |
| 25400Q113 | DJTWW | TRUMP MEDIA & TECHNOLOGY GRO | $140,752 | 0.04% | 12,325 | Common | SOLE |
| 72703X114 | — | PLANET LABS PBC | $122,876 | 0.04% | 148,670 | Common | SOLE |
| 46267X108 | IQ | IQIYI INC | $104,472 | 0.03% | 59,024 | Common | SOLE |
| 192108504 | CDE | COEUR MNG INC | $97,398 | 0.03% | 10,993 | Common | SOLE |
| 32076V103 | AG | FIRST MAJESTIC SILVER CORP | $93,451 | 0.03% | 11,300 | Common | SOLE |
| 549498103 | CCIVGBP | LUCID GROUP INC | $90,570 | 0.03% | 42,924 | Common | SOLE |
| 20451Q104 | CODI | COMPASS DIVERSIFIED | $83,398 | 0.02% | 13,280 | Common | SOLE |
| 64107A113 | NPWR/WS | NET POWER INC | $82,500 | 0.02% | 250,000 | Common | SOLE |
| 422704106 | HL | HECLA MNG CO | $78,337 | 0.02% | 13,078 | Common | SOLE |
| 53838J113 | LVWR/WS | LIVEWIRE GROUP INC | $77,632 | 0.02% | 1,522,201 | Common | SOLE |
| 84445C118 | SLND/WS | SOUTHLAND HLDGS INC | $65,459 | 0.02% | 274,981 | Common | SOLE |
| 36170N115 | GCTS/WS | GCT SEMICONDUCTOR HLDG INC | $65,214 | 0.02% | 673,000 | Common | SOLE |
| 50101L106 | DNUT | KRISPY KREME INC | $57,947 | 0.02% | 19,913 | Common | SOLE |
| 80401C100 | SATL | SATELLOGIC INC | $48,787 | 0.01% | 13,477 | Common | SOLE |
| 015658115 | ASTLW | ALGOMA STL GROUP INC | $46,512 | 0.01% | 91,200 | Common | SOLE |
| 477143101 | JBLU | JETBLUE AWYS CORP | $45,138 | 0.01% | 10,671 | Common | SOLE |
| 78397Q109 | SES | SES AI CORPORATION | $42,257 | 0.01% | 47,571 | Common | SOLE |
| 462726100 | I8R | IROBOT CORP | $40,665 | 0.01% | 12,992 | Common | SOLE |
| 09174P113 | BTMWW | BITCOIN DEPOT INC | $39,790 | 0.01% | 100,000 | Common | SOLE |
| 92766K403 | SPCE | VIRGIN GALACTIC HOLDINGS INC | $39,260 | 0.01% | 14,381 | Common | SOLE |
| 00258Y112 | ABLLW | ABACUS GLOBAL MGMT INC | $32,731 | 0.01% | 29,224 | Common | SOLE |
| G5380J118 | LANV/WS | LANVIN GROUP HOLDINGS LIMITE | $32,251 | 0.01% | 1,697,432 | Common | SOLE |
| 977852102 | WOLF* | WOLFSPEED INC | $28,767 | 0.01% | 72,133 | Common | SOLE |
| 565788106 | MARA | MARA HOLDINGS INC | $28,208 | 0.01% | 1,799 | Common | SOLE |
| 91733P115 | — | USA RARE EARTH INC | $27,922 | 0.01% | 11,732 | Common | SOLE |
| G53151125 | KWMWW | K WAVE MEDIA LTD | $27,320 | 0.01% | 200,000 | Common | SOLE |
| 53838J105 | LVWR | LIVEWIRE GROUP INC | $19,946 | 0.01% | 4,336 | Common | SOLE |
| 29355A107 | ENPH | ENPHASE ENERGY INC | $11,023 | 0.00% | 278 | Common | SOLE |
| 09973D113 | BRLSW | BOREALIS FOODS INC | $6,307 | 0.00% | 70,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.